Current Report Filing (8-k)
November 27 2020 - 4:32PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 23, 2020
NEONODE
INC.
(Exact
name of issuer of securities held pursuant to the plan)
Commission
File Number 1-35526
Delaware
|
|
94-1517641
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(State
or other jurisdiction
of
incorporation)
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|
(I.R.S.
Employer
Identification
No.)
|
Storgatan
23C, 114 55 Stockholm, Sweden
(Address
of Principal Executive Office, including Zip Code)
+46
(0) 8 667 17 17
Registrant’s
telephone number, including area code:
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock, par value $0.001 per share
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NEON
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The
Nasdaq Stock Market LLC
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
On
August 26, 2020, a putative stockholder of Neonode Inc. (the “Company”) filed a purported class action lawsuit (C.A.
No. 2020-0701-AGB) in the Delaware Court of Chancery (the “Court”) against the Company and the Board of Directors
of the Company for alleged breach of fiduciary duty in connection with disclosure of information concerning Proposal 5 and Proposal
6 in the proxy statement filed by the Company on August 20, 2020 for the 2020 Annual Meeting of Stockholders of the Company (the
“Proxy Statement”). These proposals for shareholder approval related to the private placement by the Company
on August 5, 2020 in which two directors and the chief executive officer of the Company participated. The relief sought by the
plaintiff included a preliminary injunction to enjoin the stockholder votes on Proposal 5 and Proposal 6. On September 13, 2020,
the plaintiff amended his complaint to also enjoin the stockholder vote on Proposal 1 in the Proxy Statement concerning election
of directors. In response, the Company filed definitive additional materials to the Proxy Statement on September 18, 2020. The
plaintiff withdrew his motion to preliminarily enjoin the stockholder votes on Proposals 1, 5, and 6 based upon the definitive
additional materials to the Proxy Statement.
On
November 23, 2020, the Court entered an order to dismiss the above-referenced lawsuit. Attached as Exhibit 99.1 to this Current
Report on Form 8-K is a copy of the Court’s stipulation and order closing the case.
Item 9.01
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Financial
Statements and Exhibits.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Date:
November 27, 2020
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NEONODE
INC.
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By:
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/s/
Maria Ek
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Name:
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Maria
Ek
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Title:
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Chief
Financial Officer
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2
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